Gold rates in India change daily based on international gold prices, USD-INR movements, import duties, taxes, local demand and market conditions. Rates can vary slightly across states and cities due to transportation costs, dealer margins, local taxes and regional demand. Festive seasons, wedding demand and changes in global markets can also influence the final gold rate.
Gold Rate Today in India
In summary
- Track the gold rate today in India for both 22K and 24K gold to stay updated with daily price movements.
- Understand how global markets, currency exchange rates, taxes, and local demand influence gold prices.
- Compare historical trends and different gold purities to make informed buying and investment decisions.
- Learn how gold prices affect gold loan eligibility and the value of your pledged gold.
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How gold price is calculated in India
Gold price in India is calculated based on international gold rates, currency exchange rates, import duties, taxes, and local market demand. The final retail price also includes making charges and jeweller margins, which can vary across cities and sellers.
For example, if the gold rate is Rs. 6,500 per gram, then:
- 1 gram gold = Rs. 6,500
- 10 grams gold = Rs. 65,000
- 50 grams gold = Rs. 3,25,000
The calculation involves these key factors:
- International gold price: Global gold prices, usually quoted in US dollars per troy ounce, provide the starting reference.
- USD-INR exchange rate: The international price is converted into Indian rupees. A weaker rupee can increase the domestic price of imported gold.
- Gold purity: The rate varies according to purity. 24K gold is about 99.9% pure, 22K is 91.6% and 18K is 75% pure.
- Import duty and taxes: Applicable import duties and taxes influence the domestic gold price.
- Market and local factors: Global demand, MCX movements, local demand, transportation costs, dealer margins and jeweller pricing can affect the final retail rate.
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Historical gold rate in India and past trends
Tracking the historical gold rate in India helps buyers and investors understand how gold prices have changed over time. Gold has shown a strong long-term upward trend, supported by factors such as inflation, global economic conditions, currency movements, and rising demand. Reviewing past prices can help you identify market trends and make better decisions when buying gold, investing, or applying for a gold loan.
| Year | Price 24 carat per 10 grams |
| 2025 | Rs. 1,05,000 to Rs. 1,30,000 |
| 2024 | Rs. 77,913.00 |
| 2023 | Rs. 65,330.00 |
| 2022 | Rs. 52,670.00 |
| 2021 | Rs. 48,720.00 |
| 2020 | Rs. 48,651.00 |
| 2019 | Rs. 35,220.00 |
| 2018 | Rs. 31,438.00 |
| 2017 | Rs. 29,667.50 |
| 2016 | Rs. 22,543.00 |
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How are gold rates determined in India?
Here are the key factors that determine gold prices in India:
- Global economic conditions: The state of the global economy plays a significant role in affecting gold prices. In times of uncertainty or geopolitical tensions, many investors move money into gold, which can push the gold price higher in India today. This also reflects quickly in the gold rate today live updates.
- International demand and supply: Global mining output, central bank buying, jewellery demand, and investment demand affect supply and demand. When global demand rises or supply tightens, the live gold price typically increases, which then impacts the gold price today in India.
- Demand and supply in India: Local demand for jewellery, coins, and bars changes through the year. When buying demand rises in the domestic market, it can lift the gold price in India even if global prices are stable.
- United States dollar strength: Gold is priced globally in the United States dollar. If the dollar strengthens, gold can become more expensive for importers, which can raise gold prices in India.
- Rupee to United States dollar exchange rate: India imports a large share of its gold. If the rupee weakens against the United States dollar, imported gold costs more, which can increase the gold price today in India.
- Interest rates: Changes in interest rates can influence gold prices. When interest rates rise, some investors may prefer interest-earning options, which can reduce demand for gold. When rates fall, gold can look more attractive, affecting the gold rate today live trends.
- Inflation rates: Gold is often seen as protection against inflation. Higher inflation can increase demand for gold, which may push up the live gold price and the domestic gold price.
- Import duty and goods and services tax: Government charges, such as import duty and goods and services tax, add to the landed cost of gold. These costs can increase the gold price in India even when global prices do not change much.
- Reserve Bank of India actions: When the Reserve Bank of India buys or sells gold as part of reserve management, it can influence market sentiment and affect gold prices indirectly.
- Local bullion markets and daily pricing: Domestic bullion markets and exchanges such as the Multi-Commodity Exchange influence how prices move during the day. This is why the gold rate today live can change frequently, along with the live gold price.
- Monsoon and festive seasons: In India, the monsoon season can affect rural income and buying power. Festival and wedding demand also rises during certain months, which can increase gold demand and impact the gold price today.
What is the difference between 18K, 22K, and 24K gold?
Gold purity is measured in karats, with a higher karat indicating a higher percentage of pure gold. Each type is suitable for different purposes based on its purity, durability, and price. If you are comparing the 22 carat gold rate today in India or the 24 carat gold rate in India, understanding these differences can help you choose the right gold for jewellery, investment, or a gold loan.
| Parameter | 18K Gold | 22K Gold | 24K Gold |
|---|---|---|---|
| Purity | 75% | 91.6% | 99.9% |
| Strength | Highest | High | Lower |
| Common Use | Diamond jewellery and daily wear jewellery | Traditional jewellery | Investment bars and coins |
| Price | Lowest | Higher | Highest |
Quick tip: Want to make the most of your hallmarked gold? Check your gold loan eligibility today and unlock quick funds against your verified gold—all while ensuring complete safety and transparency.
How is the purity of gold evaluated in India?
In India, ensuring the gold purity percentage is crucial when purchasing or investing in gold. Here are some common techniques to check the purity of gold:
- Hallmark certification: The Bureau of Indian Standards (BIS) hallmark certifies the gold's purity. A BIS hallmark includes the BIS logo, the fineness number (indicating the gold purity percentage), and the jeweller's identification mark. For example, 22k gold has a fineness number of 916, indicating 91.6% gold purity.
- Acid test: This traditional method involves rubbing a small sample of the gold on a touchstone and applying nitric acid. Different reactions indicate different purity levels. While effective, it requires expertise and can damage the gold piece slightly.
- Electronic gold testers: These modern devices measure the gold purity percentage by assessing the metal's electrical conductivity. They provide quick and accurate results without damaging the gold.
- XRF spectrometry: X-ray fluorescence (XRF) is a non-destructive method used by professionals to determine the exact composition and gold purity percentage. It’s highly accurate and widely used in the industry.
- Density test: By measuring the density of the gold item, you can estimate its purity. Pure gold has a density of approximately 19.32 grams per cubic centimetre. This method requires precise measurements and calculations.
Ensuring you understand the gold purity percentage through these techniques can help you make informed decisions, whether you're buying jewellery or investing in gold. In times of need, your gold can offer timely support.
How is gold price in India determined?
The gold price in India is determined by a combination of international market prices and domestic factors. While the rate may vary slightly between cities, the basic pricing process remains similar across the country.
- International gold prices: Global gold prices provide the base reference for determining domestic rates.
- IBJA benchmark rates: Daily benchmark rates published by the Indian Bullion and Jewellers Association (IBJA) are widely used as a reference by jewellers and lenders.
- USD-INR exchange rate: Since gold is traded internationally in US dollars, changes in the rupee's value can affect its price in India.
- Import duty and GST: Applicable import duties and taxes contribute to the domestic cost of gold.
- Local demand and supply: Wedding and festive demand, local market conditions, transportation costs and dealer margins can cause slight differences between cities.
For example, if you are checking the 22K gold rate in Trichy, the applicable local rate may differ slightly from the rate in another city because of these regional factors.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
How do gold rates influence gold investments?
The gold rate today in India plays an important role in determining the value and returns of gold investments. Rising gold prices can increase the value of physical gold, Gold ETFs, and Sovereign Gold Bonds, while price declines may create buying opportunities for long-term investors. Tracking daily gold rates helps investors decide the right time to buy, hold, or sell based on market trends and financial goals.
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How does the gold price in India today affect your gold loan amount?
Gold rates directly affect loan amount and eligibility, as higher prices increase the value of pledged gold, allowing you to access a higher loan amount against the same jewellery, ornament or coin. Gold is not just a valuable asset but also a simple way to access quick funds through a gold loan in India. It offers fast disbursal, multiple repayment options, and transparent terms, making it suitable for urgent financial needs.
What decides your eligible loan amount?
Your eligible gold loan amount is determined using the following factors:
- Weight of your gold
- Purity of your gold
- Applicable gold rate on the day of assessment
- Applicable Loan-to-Value (LTV) ratio
Only the intrinsic value of your gold is considered during valuation. Stones and other embellishments attached to the jewellery are not included.
The final loan amount depends on the applicable LTV ratio, the purity of your gold, and the gold price used for valuation. The valuation is based on the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange. The applicable LTV ratio must be maintained throughout the loan tenure and may change as per RBI guidelines and the lender's policy.
The applicable LTV ratio varies based on the loan amount and determines the maximum loan value you may receive against your eligible gold.
Gold loan basics — what you should know before applying
Bajaj Finance offers a Gold Loan ranging from Rs. 5,000 to Rs. 2 crore against eligible gold jewellery, ornaments and gold coins. The gold loan interest rate starts from 9.50% per annum. Gold jewellery and ornaments between 18-22 karat purity are accepted, while gold coins of up to 24 karat purity may also be accepted, subject to applicable policies and eligibility criteria. The pledged gold is stored in secure vaults and remains insured throughout the loan tenure, subject to applicable terms and conditions.
Before applying, here are a few important details:
- Your loan amount is based on the weight and purity of your gold, not on its original purchase price.
- Bajaj Finance values your gold using the lower of the previous day's closing price or the 30-day average closing price published by IBJA or a SEBI-regulated commodity exchange.
- You only need one valid KYC document, such as an Aadhaar card, Voter ID, Passport, Driving Licence, NREGA Job Card, or a letter issued under the National Population Register (NPR).
- You can repay interest monthly, bi-monthly, quarterly, half-yearly, or annually, while the principal can be repaid at the end of the loan tenure.
- There are no foreclosure charges, allowing you to close your loan early without any penalty.
Before applying, use the gold loan calculator to estimate your eligible loan amount or check your gold loan eligibility online based on the gold price today in India, your gold's purity, and its weight.
Why let your gold sit idle when it can power your financial goals? Apply for a Bajaj Finance Gold Loan now!
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Know more about gold rates in Indian states and Union Territories
Know more about gold rate in other cities
| Gold Rate in Gurgaon | Gold Rate in Madurai | Gold Rate in Vadodara |
| Gold Rate in Ahmedabad | Gold Rate in Surat | Gold Rate in Nellore |
| Gold Rate in Firozabad | Gold Rate in Amritsar | Gold Rate in Salem |
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Disclaimer
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *